Salt Lake Herald | 1896-07-19 | Page 6 | Piano Company Fails

I PIANO 0031PAOY FAILS Chicago July lSThe Schaffer Piano company has assigned to F B Jenni son No statement of assets and liabil labi ities has been filed The failure of the faiure Shaffer company was it is said the direct result of the failure of the Hallett Davis company I yesterday The Schaffer company manufactured man-ufactured pianos and most of their product pro-duct was handled by the Hallett Davis company The Schaffer company in selling goods to the other concerns took the notes of the Hallett Davis company and used the notes in purchasing pur-chasing material and supplies for its manpfacturing business The Schaffer company thus became liable on the notes of the Hallett Davis company Those connected with the Schaffer company com-pany place the assets at about 85000 and liabilities about 230000